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On January 1,2008,Blake Company acquired all of Frost Corporation's voting shares for $280,000 cash.On December 31,2009,Frost owed Blake $5,000 for services provided during the year.When consolidated financial statements are prepared for 2009,which entry is needed to eliminate intercompany receivables and payables in the consolidation workpaper?
Earth's Core
The innermost part of the Earth, consisting of a solid inner core and a liquid outer core primarily made of iron and nickel.
Friction
The resistance that one surface or object encounters when moving over another, usually resulting in the generation of heat.
Ocean Currents
Large-scale movements of seawater that circulate the global oceans, significantly influencing climate and marine ecosystems.
Stratified
Layered or arranged in layers, often referring to the structure of tissues in biology or the arrangement of sedimentary rocks in geology.
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